Titled: She Persisted, August 29, 2019
Selected quotes:
“The activism Oxy has been putting up from from bully shareholders and the public is ridiculous. .... Something tells me Vicki’s valiant fight won’t be made into a tv-series. ... Now Oxy will show the market and the villains how it’s done.”
Wow, Oxy under Hollub as a religion, not a corporation!
Ambition should have been made of sterner stuff. But VH said she was ambitious, and VH is an honorable woman.
This is not true:
“It’s sad that VH has stopped Oxy’s matching contribution to the 401k.”
Speaking Truth to power. Nice post OP.
It’s sad that VH persisted in an O&G M&A transaction that destroyed a huge amount of market capitalization. $40B down the drain.
It’s sad that VH made a $10B PE deal with Buffett, simply to avoid a shareholder vote.
It’s sad that VH persists in hanging on.
It’s sad that VH does not have the honor to resign.
It’s sad that VH has cut Oxy’s dividend by ~90% due to the horrific APC acquisition.
It’s sad that VH has cut the pay of anyone making over $75K per year by 30%.
It’s sad that VH has stopped Oxy’s matching contribution to the 401k.
It’s sad that Oxy’s EC and HR department are full of sycophantic a-kiers.
Sad indeed.